$475,000
SOLD MAY 10, 2024 RENTED OCT 18, 2024

1540 Frankford Ave Unit 2D Philadelphia, PA 19125

Fishtown Neighborhood
2 Beds
2.5 Baths
1,114 Sq Ft
$280/mo HOA Fee

Recently Sold

$426 Per Sq Ft

4% Below List Price

Highlights

  • New Construction
  • Property is in excellent condition
  • 2-minute walk to Palmer Park
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

**4.99% interest rate! **Special interest rate from preferred local lender is part of a 2-1 buy down that the seller will pay for! The rates change daily, check with listing agent to confirm up to the minute rate.** Location! Location! Location! Fifteen38 Flats is the newest luxury boutique condo building in the heart of Fishtown, next door to some of Philly's top restaurants, bars, and amenities. This expertly designed condo development features 12 residences offering 4 unique layouts, all with 2 bedrooms and 2.5 bathrooms. Unit #2D is a large home spanning 1,114 sqft over one floor. The kitchen will include custom white cabinetry, quartz countertops, stainless steel appliances, and a center island that opens to the bright, airy living room. Each bathroom will be tastefully designed with curated tiles, vanities, and black fixtures. The building itself will be incredibly attractive as it has a private, secure entry off Frankford Avenue. The ELEVATOR will take you up to each floor as well as the massive common rooftop deck with a dramatic Center City Skyline view and a large dog run for your four-legged companion. The building is framed, walkable, and ready for tours. Deliveries are expected in Q1 2024. *Photos/renderings are for marketing purposes only and my not portray actual finishes. Photos include multiple units. Taxes are TBD (estimated $1,000/year) & square footage are the buyer's responsibility to verify.

Last Agent to Sell the Property

Jim Onesti

KW Empower Listed on: 03/04/2024

KW Empower

Co-Listed By

Arvind Balaji

KW Empower

Last Buyer's Agent

Tony Salloum

Compass RE License #RS320883

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,401

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Property is in excellent condition

HOA Fees

  • $280 Monthly HOA Fees

Home Design

  • Masonry

Interior Spaces

  • 1,114 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 881000089

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance
  • Low-Rise Condominium
  • Fishtown Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,401

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: **4.99% interest rate! **Special interest rate from preferred local lender is part of a 2-1 buy down that the seller will pay for! The rates change daily, check with listing agent to confirm up to the minute rate.** Location! Location! Location! Fifteen38 Flats is the newest luxury boutique condo building in the heart of Fishtown, next door to some of Philly's top restaurants, bars, and amenities. This expertly designed condo development features 12 residences offering 4 unique layouts, all with 2 bedrooms and 2.5 bathrooms. Unit #2D is a large home spanning 1,114 sqft over one floor. The kitchen will include custom white cabinetry, quartz countertops, stainless steel appliances, and a center island that opens to the bright, airy living room. Each bathroom will be tastefully designed with curated tiles, vanities, and black fixtures. The building itself will be incredibly attractive as it has a private, secure entry off Frankford Avenue. The ELEVATOR will take you up to each floor as well as the massive common rooftop deck with a dramatic Center City Skyline view and a large dog run for your four-legged companion. The building is framed, walkable, and ready for tours. Deliveries are expected in Q1 2024. *Photos/renderings are for marketing purposes only and my not portray actual finishes. Photos include multiple units. Taxes are TBD (estimated $1,000/year) & square footage are the buyer's responsibility to verify.
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1114
  • Living Area Sq Ft: 1114
  • Price Per Sq Ft: 444.34
  • Above Grade Finished Sq Ft: 1114
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1540

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 280.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX2

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 15035.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1.00
  • Assessor Parcel Number: 881000089
  • Tax Lot: 32
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/10/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Nov 15, 2024
Sold by
1538-40 Frankford Llc
Bought by
Everythings Right Llc
Seller's Agent
Tony Salloum
Compass RE
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
Sold Price
$2,550
Views
14
Current Estimated Value
$514,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,450
Original Mortgage
$4,000,000
Outstanding Balance
$3,971,737
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2024
Closed on
Jul 8, 2024
Sold by
1538-40 Frankford Llc
Bought by
Makowski Louise
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Tony Salloum
Compass RE
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 20, 2024
Sold by
1538-40 Frankford Llc
Bought by
Fisher David and Karras Stephanie
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Tony Salloum
Compass RE
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 13, 2024
Sold by
1538-40 Frankford Llc
Bought by
Youssef Anthony
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Tony Salloum
Compass RE
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 10, 2024
Sold by
1538-40 Frankford Llc
Bought by
Moffa Anthony
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Tony Salloum
Compass RE
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2024
Closed on
Apr 29, 2024
Sold by
1538-40 Frankford Llc
Bought by
Lugard Clifford and Le Tammy
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Tony Salloum
Compass RE
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.22%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $475,000 None Listed On Document
Deed $475,000 None Listed On Document
Deed $499,000 None Listed On Document
Deed $480,000 None Listed On Document
Deed $475,000 Ts Executive Abstract
Deed $454,750 None Listed On Document
Deed $485,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,000,000 New Conventional
Closed $325,000 New Conventional
Previous Owner $399,200 New Conventional
Previous Owner $356,250 New Conventional
Previous Owner $431,000 New Conventional
Previous Owner $460,750 New Conventional
Previous Owner $264,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Rented $2,550 0.0% --
10/16/2024 10/16/24 Under Contract -- -- --
10/04/2024 10/04/24 For Rent $2,550 0.0% --
05/10/2024 05/10/24 Sold $475,000 -4.0% $426 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $495,000 -- $444 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,401 $2,950,400 $295,040 $2,655,360
2024 $27,401 $2,950,400 $295,040 $2,655,360
2023 $12,237 $625,000 $125,000 $500,000
2022 $12,237 $874,200 $250,900 $623,300
Source: Public Records

Agents Affiliated with this Home

  • Tony Salloum

    Seller's Agent in 2024

    Tony Salloum

    Compass RE

    (215) 285-6435

    6 in this area

    286 Total Sales

    Tony Salloum
    Section Image
  • Jim Onesti

    Seller's Agent in 2024

    Jim Onesti

    KW Empower

    (215) 709-4242

    30 in this area

    521 Total Sales

    Jim Onesti
    Section Image
  • Arvind Balaji

    Seller Co-Listing Agent in 2024

    Arvind Balaji

    KW Empower

    (267) 815-2016

    23 in this area

    207 Total Sales

    Arvind Balaji
    Section Image
  • Carol Strasfeld

    Buyer's Agent in 2024

    Carol Strasfeld

    Unrepresented Buyer Office

    (301) 806-8871

    8 in this area

    6,189 Total Sales

    Carol Strasfeld
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2328014

Bright MLS

APN: 881000089

Pennsylvania Philadelphia County Philadelphia 19125 Fishtown

1540 Frankford Ave Unit 2D, Philadelphia, PA

This home is located at 1540 Frankford Ave Unit 2D, Philadelphia, PA 19125 and is currently priced at $475,000, approximately $426 per square foot. This property was built in 2024. 1540 Frankford Ave Unit 2D is a home located in Philadelphia County with nearby schools including Adaire Alexander School, Penn Treaty School, and St Laurentius School.

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